Australian home-loan approvals rose in November for an eighth straight month as buyers responded to the central bank’s first interest-rate reduction in two years.
The number of loans granted to build or buy houses and apartments gained 1.4 percent from October, when they rose a revised 0.8 percent, the statistics bureau said in Sydney today. The median estimate in a Bloomberg News survey of 19 economists was for a 1 percent increase in approvals................................................Full Article: Source